theTradingSailor

RCF - Mid/ Long Term Buy

Long
NSE:RCF   RASHTRIYA CHEM & F
RCF seems fundamentally strong - again its in chemical sector.

Also presently showing a good consolidation.
High potential to give a strong breakout and continue in that direction.

Keeping an SL below 67 Rs , I have started to build my portfolio in this stock. I have already bought about 40% of my fund allocated for this stock. Currently my buy avg is 82. Will add more if and when its coming down.

I will exit at a tgt about 40% up, but I am seeing it to reach a potential of 165-85 Rs .

Let's see.:).

Usual Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a mid to long term investment only, its not a positional or an intraday trade

Trade active: Avg Buy presently 82. (Will add more when coming down)
Comment: Late update-
Added more @ 71.
Presently Avg buy 75.6 Rs
SL and TGT still same view

Comments

5th wave is due and could go to a minimum n around 108-119... of-course just my view
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